As of 10/03/2023   Indus: 33,002 -430.97 -1.3%     Trans: 14,682 -115.52 -0.8%     Utils: 789 +6.29 +0.8%     Nasdaq: 13,059 -248.30 -1.9%     S&P 500: 4,229 -58.94 -1.4%	YTD -0.4%    +9.6%   -18.4%    +24.8%    +10.2%	Targets    Overview: 09/15/2023     34,000 or 32,650 by 10/15/2023   15,500 or 14,200 by 10/15/2023   850 or 725 by 10/15/2023   13,750 or 12,700 by 10/15/2023   4,425 or 4,175 by 10/15/2023
Chart Pattern Indicator: on 9/15/23

As of 10/03/2023   Indus: 33,002 -430.97 -1.3%     Trans: 14,682 -115.52 -0.8%     Utils: 789 +6.29 +0.8%     Nasdaq: 13,059 -248.30 -1.9%     S&P 500: 4,229 -58.94 -1.4%	YTD -0.4%    +9.6%   -18.4%    +24.8%    +10.2%
Targets    Overview: 09/15/2023     34,000 or 32,650 by 10/15/2023   15,500 or 14,200 by 10/15/2023   850 or 725 by 10/15/2023   13,750 or 12,700 by 10/15/2023   4,425 or 4,175 by 10/15/2023
Chart Pattern Indicator: on 9/15/23

Bulkowski's Top 10 Reversal and Continuation Chart Patterns

Statistics updated 7/7/2022 to agree with the results found during research of the book, Encyclopedia of Chart Patterns, 3rd Edition.

Top 10 Reversals and Continuations: Summary

The following are the top 10 performing chart reversal and continuation patterns. A complete list of chart patterns for both bull and bear markets is available in an Excel spreadsheet by clicking here.

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My book, Encyclopedia of Chart Patterns, 3rd edition, takes an in-depth look at 76 chart and event patterns, including performance statistics.

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Top 10 Reversals, Upward Breakout, Bull Market

The following covers the top ten reversal performers in bull markets only.

In most cases, a reversal pattern has price entering and exiting the chart pattern from the top. In other words, an inbound downtrend changes (reverses) into an uptrend after the upward breakout. With some patterns, like a bump-and-run reversal bottom, the price trend within the chart pattern is long enough that I consider it a downward move. When an upward breakout follows, it reverses that downtrend.

Top 10 Continuations, Upward Breakouts, Bull Markets

Continuation patterns with upward breakouts have price entering the chart pattern from the bottom and exiting out the top. A list of the top 10 performers follows.

Top 10 Reversals, Downward Breakouts, Bull Market

These reversal patterns have price entering the pattern from the bottom and exiting the chart pattern out the bottom, too. With a bump-and-reversal top, they are long enough that the price trend is upward within the chart pattern, so I consider a downward breakout as a reversal.

Top 10 Continuations, Downward Breakouts, Bull Market

Shown in the next table are the top 10 continuation patterns with downward breakouts in a bull market.

Notes:

The average rise and decline are for hundreds of 'perfect trades' without commissions or fees deducted. Each reversal or continuation measures from the opening price the day after the breakout to the ultimate high (upward breakout) or low price (downward breakout). The ultimate high is the highest high before price drops by at least 20%. The ultimate low is the lowest low before price rises by at least 20%. Other restrictions apply, but you get the idea.

-- Thomas Bulkowski

See Also

• Time Performance. Shows an updated list of rank.
• Visit the visual chart pattern index to hunt for other chart patterns.

 

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